Because Of TCS Result Bulls have a party time with consecutive third straight day closing in green and same was amply stated yesterday that by virtue of TCS good results we will see Nifty and Sensex closing in green. TCS (Tata Consultancy Services) reported fourth quarter earnings in line with expectations. TCS consolidated net profit for FY11 surged 30% y-o-y. The market breadth was positive with 1421 stocks advancing as compared to 1487 stocks declining. The real trend will emerge in market in a matter of few days and we will come to know whether market will be able to cross its resistance of 6000 levels which is a psychological barrier. Thus make use of the Nifty tips and make money making a daily habit in the stock market as success begets success. Analysis of derivative segment suggests that bulls will have an upper hand in the coming week as fresh longs have been seen around 5,850 and it means that Nifty may scale to the levels of 5,970 in near term or may be in coming week itself.
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